Montana Gold Mining Company Inc: Financial Update

22.01.2016  |  Marketwired

LONDON, ONTARIO - Jan. 22, 2016 - Montana Gold Mining Company Inc. ("MGM" or the "Company") (CSE:MGM) has modified the expiry times of certain outstanding warrants of the Company and has recently received $25,000 toward a non-brokered private placement financing.

The Company has modified the expiry times of certain outstanding warrants of the Company held by arm's length parties as follows:

a. 2,800,000 warrants exercisable at a price of CDN$0.20 until 5:00 pm on January 24, 2016 are now exercisable until 5:00 pm on September 12, 2016;

b. 1,400,000 warrants exercisable at a price of CDN$0.20 until 5:00 pm on February 8, 2016 are now exercisable until 5:00 pm on February 8, 2017;

c. 2,000,000 warrants exercisable at a price of CDN$0.20 until 5:00 pm on February 20, 2016 are now exercisable until 5:00 pm on February 20, 2018.

The Company has received $25,000 toward a non-brokered private placement financing, which will consist of units priced at $0.05 per unit. Each unit consists of one common share and one warrant to purchase an additional common share for three years at $0.10.


Montana Gold Mining Company Inc. is a reporting issuer in good standing in the Province of Ontario whose common shares are listed on CSE (Symbol: MGM). There are 48,214,765 common shares issued and outstanding in the capital of the Company.

The Company owns a 100% interest in two gold exploration projects located in the US states of Nevada and Montana. Technical reports prepared pursuant to NI 43-101 have been filed with the Company's information on SEDAR at www.sedar.com. Further information is also available at www.montanagoldmining.com or www.Facebook/montanagoldmining.


CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.



Contact

Montana Gold Mining Company Inc.
Edward (Ted) Ellwood, MBA
President & CEO
1-519-964-2836
www.montanagoldmining.com